Olive Higgins Prouty Foundation Inc

BOSTON, MA EIN: 04-6046475

Olive Higgins Prouty Foundation Inc is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $1.8M. Net investment income was $7K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

-100.0% YoY

Annual Giving

$1.8M

+1527.6% YoY

Grant Count

2

-93.3% YoY

Avg Grant Size

$911K

+24313.9% YoY

Under IRS private-foundation payout rules, Olive Higgins Prouty Foundation Inc reported a distributable amount of $26K for 2022 — the minimum it must pay out in qualifying distributions.

About Olive Higgins Prouty Foundation Inc

Based on IRS filings

Olive Higgins Prouty Foundation Inc is a private foundation, based in BOSTON, MA. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $1.8M. Net investment income was $7K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

12states
+4 more states

Cities

Albert LeaBellinghamBostonBoulder CreekBrentwoodBridgewaterCambridgeCharlestonExeterKansas CityLittle RockNew YorkPhiladelphiaPortsmouthSan FranciscoSausalitoSeattleStockbridgeStrathamVenice

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$508K$1M$2M$2M202020212022
Metric202220212020
Total Assets$1,772,223$1,780,116
Revenue$21,127$125,817$24,272
Expenses$1,846,666$135,710$160,019
Qualifying Distributions$1,832,407$121,505
Net Investment Income$6,868$107,082
Distributable Amount$26,480$99,508$94,960

Giving Over Time

Total grant dollars and number of grants per year

$0$456K$911K$1M$2M29 grants202030 grants20212 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2022

FIDELITY INVESTMENTS CHA…$1.8MTRUSTEES OF CLARK UNIVER…$249

Grant Size Distribution

61 grants across all recorded years

60<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Fidelity Investments Charitable Gift Fund ($1,822,652), Trustees of Clark University ($249).

RecipientPurposeAmount
FIDELITY INVESTMENTS CHARITABLE GIFT FUND BOSTON, MAGENERAL$1,822,652
TRUSTEES OF CLARK UNIVERSITY WORCESTER, MAGENERAL$249

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

NameTitleHoursCompensation
W MASON SMITH IIIPRESIDENT & DIRECTOR1
JENNIFER HARVIE WATTTREASURER & DIRECTOR1
THOMAS P JALKUTCLERK & DIRECTOR1
JESSICA SMITH MATSONVICE PRESIDENT & DIRECTOR1

Frequently Asked Questions

Where does Olive Higgins Prouty Foundation Inc operate?

Olive Higgins Prouty Foundation Inc has awarded grants in Arkansas, California, District of Columbia, Florida, Massachusetts, Minnesota, Missouri, New Hampshire, New York, Pennsylvania, South Carolina, Washington.

What size grants does Olive Higgins Prouty Foundation Inc award?

In 2022, Olive Higgins Prouty Foundation Inc awarded 2 grants totaling $1.8M — an average of about $911K per grant, based on its IRS Form 990 filings.

How much is Olive Higgins Prouty Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Olive Higgins Prouty Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Olive Higgins Prouty Foundation Inc's EIN?

Olive Higgins Prouty Foundation Inc's EIN (Employer Identification Number) is 04-6046475. IRS Form 990 filing data is available on this page for 2020–2022.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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